Gunderson Capital Management Inc. Makes New $2.94 Million Investment in Flutter Entertainment plc (NYSE:FLUT)

Gunderson Capital Management Inc. acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,282 shares of the company's stock, valued at approximately $2,943,000. Flutter Entertainment makes up about 1.9% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 19th biggest position.

Other large investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Flutter Entertainment by 78.9% during the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after buying an additional 60 shares during the period. IFP Advisors Inc boosted its holdings in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after acquiring an additional 83 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Flutter Entertainment during the fourth quarter worth $33,000.

Flutter Entertainment Price Performance

FLUT traded up $0.80 during trading on Thursday, reaching $244.88. The company's stock had a trading volume of 552,631 shares, compared to its average volume of 1,870,261. The firm has a fifty day simple moving average of $235.93 and a two-hundred day simple moving average of $254.12. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a market cap of $43.27 billion and a price-to-earnings ratio of 84.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. Flutter Entertainment's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. As a group, analysts anticipate that Flutter Entertainment plc will post 4.17 EPS for the current year.

Insider Buying and Selling at Flutter Entertainment

In other news, CEO Amy Howe sold 2,315 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the transaction, the chief executive officer now directly owns 73,947 shares in the company, valued at approximately $18,006,094.50. The trade was a 3.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Philip Bishop sold 3,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.20, for a total transaction of $729,600.00. Following the transaction, the chief operating officer now owns 4,712 shares in the company, valued at approximately $1,145,958.40. The trade was a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLUT shares. Needham & Company LLC restated a "buy" rating and issued a $310.00 target price on shares of Flutter Entertainment in a research note on Thursday, May 8th. BTIG Research reduced their price objective on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company boosted their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Truist Financial lowered their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Macquarie reiterated an "outperform" rating and set a $340.00 target price (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $303.79.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.